physical Bitcoin ETF, 50 billion yen outflow ends 10 consecutive days of net inflow

## physical Bitcoin ETF turns to outflow

The U.S. physical Bitcoin (BTC) ETF recorded a net outflow of $359 million (approximately 51.8 billion yen) on the 29th. The 10-day streak of net inflows came to an end, turning into an outflow.

A total of $ 4.26 billion (about 615 billion yen) had flowed into 12 US Bitcoin spot ETFs in the 10 days to the 28th.

Source: SoSoValue

According to SoSoValue, BlackRock’s ETF (IBIT) had a net inflow of only $125 million (approximately 18 billion yen).

The highest outflow was from Fidelity’s FBTC at $166.32 million (approximately 24 billion yen), followed by Grayscale’s GBTC at $107.53 million (approximately 15.5 billion yen), Ark and 21Shares’ ARKB at $89.22 million (approximately 13 billion yen), and Bitwise’s BITB at $70.85 million (approximately 10 billion yen).

The total net inflow amount reached $45.34 billion on the 28th, then decreased to $44.99 billion (approximately 6.5 trillion yen) on the 29th.

CryptoQuant recently expressed that “the overall outlook for the Bitcoin market remains bullish, but the current growth rate may not be sustainable without short-term adjustments or stagnation.”

What is a Bitcoin ETF?

An Exchange Traded Fund (ETF) that includes Bitcoin as an investment target. It involves actually purchasing physical Bitcoin and trading the trust (ETF) based on that Bitcoin in the stock market. Investors can invest in its value without directly purchasing Bitcoin.

the status of Ethereum Spot ETF

In the United States, the 9 Ethereum Spot ETFs have seen net inflows for 9 consecutive days.

On the 29th, the net inflow amount reached 92 million dollars (approximately 13.3 billion yen). The top was BlackRock’s ETHA with 50 million dollars (approximately 7.2 billion yen), followed by Fidelity’s FETH with 38 million dollars (approximately 5.5 billion yen), and Bitwise’s ETHW with 4.5 million dollars (approximately 650 million yen).

Source: SoSoValue

The total assets under management of the 9 assets as of the 29th are 9.6 billion dollars (approximately 1.4 trillion yen).

On the 7th, Ethereum completed a major upgrade “Pektra” that improves staking efficiency, user experience, validator operations, etc. This is also one of the reasons why it is turning upward.

Additionally, there is a view that the Ethereum Foundation is shifting its fundraising method from selling ETH to DeFi (decentralized finance) operations.

On the other hand, recently, U.S. President Trump made remarks criticizing China, which reignited concerns about trade friction in the market, leading to a 4.5% drop in the total market capitalization of the cryptocurrency market late at night on the 30th.